I think folks need to be realistic about their ability to borrow and or the unicorn rate that you think you can get.. loans are pretty universal .

You already have some tools in your toolbox....no pun intended.I am not from your area, but, wanted to say hello anyway.Now, you simply have to work on the other elements to progress your REI pursuit.Ok, now that you have taken your initial step, below are some quick links to get engaged. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/termshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/perkshttps://www.biggerpockets.com/forums/categoriesREI books suggested by BPershttp://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

Any offer you or your agent presents needs to be accompanied with a pre-qual letter anyway so getting your financing squared away first gives you the ability to pounce on a property that interests you when that time comes.2.

Whatever the equity is, the REO status is ruining their ability to loan new money.what the FMV is for this house.I would make an offer ~= there equity, have them pay all costs, get you a clear title and title insurance. 

I think in SD the weather elements don't take their toll like they do in other parts of the country.  

To be more successful, you simply have to work on the other elements to progress your REI pursuit.

To be more successful, you simply have to work on the other elements to progress your REI pursuit.

For example, there are animals that have an innate ability to detect that a person with a seizure disorder is about to have a seizure and can let the individual know ahead of time so that the person can prepare.

Below, are some links of interest regarding rentals.http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/ (house rental guide)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)To be more successful, you simply have to work on the other elements to progress your REI pursuit.

We work with seasoned investors, as well as first time investors in the Orlando and Brevard County areas, including: Orlando (Downtown & East Orlando)Oviedo (UCF Area)Winter ParkMerritt IslandCocoaCocoa BeachCape CanaveralRockledgePort Saint JohnVieraFor those whom are outside our area, we have the ability to send video, and additional photos of properties to assist you in making informed decisions.Property Management Services available at negotiated rates depending on age and location of the property.